LIV
MICRO MARKET REPORTS
WEST METRO | Quarter 1 2016
C O LO R A D O M I C R O R E P O RTS .C O M
WEST METRO NEIGHBORHOODS
9 3 4
8 10
7 5
11 12
1 13 2
6
1. Canyon Point
8. West Woods
2. Eagle Ridge
9. Five Parks
3. Spring Mesa
10. Alkire Estates
4. Trail Village
11. Oak Park
5. Fieldstone
12. Skyline Estates
6. Mesa View Estates
13. Applewood
7. Sunrise Ridge
MICROMARKET REPORT | WEST METRO QUARTER 1 2016 | COLORADOMICROREPORTS.COM Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
WEST METRO AREA The West Metro Area Micro Market Report (MMR), prepared by LIV Sotheby’s International Realty, compares 2016 Quarter 1 statistics (January through March), to that of 2015, for single family homes and attached dwellings. The West Metro area consists of close-in suburban communities that are positioned just west of the central Denver metro area, and are all located in eastern Jefferson County Colorado. West Metro areas are located on either side of I-70, which runs east-west through these areas. Living is West Metro provides ample recreational opportunities with close proximity to Denver metro. The West Metro area has become increasingly popular among families. Highlights from the West Metro area include Applewood’s average price rising to $512,424, up 24.7% from 2015. Sunrise Ridge’s average price rose to $579,874, up 20.1%, and Spring Mesa’s average price rose to $798,000, up 18.2%, from 2015. Finally, West Wood’s average price rose to $498,950, up 11.2% from 2015.
Quarter 1 Highlights: • West Wood’s average price is $498,950
11.2% • Applewood’s average price is $512,424
24.7%
• Sunrise Ridge’s average price is $579,874
20.1% • Spring Mesa’s average price is $798,000
18.2%
MICROMARKET REPORT | WEST METRO QUARTER 1 2016 | COLORADOMICROREPORTS.COM Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
WEST METRO MARKET | MARKETS BY AREA
ALKIRE ESTATES January through March
2016
2015
% Change
$738,000
-
-
Average Price per Square Foot
$181
-
-
Average Days on Market
206
-
-
$738,000
-
-
1
No Sales
-
90.0%
-
-
2016
2015
% Change
$512,424
$410,773
24.7%
$259
$218
18.8%
64
34
88.2%
$690,000
$670,500
2.9%
21
26
-19.2%
95.6%
96.6%
-1.1%
2016
2015
% Change
Average Price
-
-
-
Average Price per Square Foot
-
-
-
Average Days on Market
-
-
-
Highest Price
-
-
-
No Sales
No Sales
-
-
-
-
Average Price
Highest Price Properties Sold % Sold Price to List Price
APPLEWOOD January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
CANYON POINT January through March
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | WEST METRO QUARTER 1 2016 | COLORADOMICROREPORTS.COM Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
WEST METRO MARKET | MARKETS BY AREA
EAGLE RIDGE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2015
% Change
$594,000
-
-
$295
-
-
69
-
-
$594,000
-
-
1
No Sales
-
91.4%
-
-
2016
2015
% Change
$566,800
$590,000
-3.9%
$202
$193
4.7%
100
5
1,900.0%
$593,000
$590,000
0.5%
3
1
200.0%
97.9%
100.0%
-2.1%
2016
2015
% Change
$479,000
$473,486
1.2%
$202
$189
6.9%
13
56
-76.8%
$515,000
$583,000
-11.7%
8
7
14.3%
97.4%
97.7%
-0.3%
FIELDSTONE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
FIVE PARKS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | WEST METRO QUARTER 1 2016 | COLORADOMICROREPORTS.COM Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
WEST METRO MARKET | MARKETS BY AREA
MESA VIEW ESTATES January through March
2016
2015
% Change
$815,050
$748,000
9.0%
$251
$266
-5.6%
74
127
-41.7%
$1,284,800
$968,000
32.7%
4
2
100.0%
98.2%
85.9%
14.4%
2016
2015
% Change
$590,000
-
-
$244
-
-
6
-
-
$590,000
-
-
1
No Sales
-
99.2%
-
-
2016
2015
% Change
Average Price
-
$384,500
-
Average Price per Square Foot
-
$186
-
Average Days on Market
-
48
-
Highest Price
-
$389,000
-
No Sales
2
-
-
96.9%
-
Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
OAK PARK January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
SKYLINE ESTATES January through March
Properties Sold % Sold Price to List Price
MICROMARKET REPORT | WEST METRO QUARTER 1 2016 | COLORADOMICROREPORTS.COM Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
WEST METRO MARKET | MARKETS BY AREA
SPRING MESA January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
2016
2015
% Change
$798,000
$675,400
18.2%
$236
$238
-0.8%
5
87
-94.3%
$840,000
$800,000
5.0%
4
5
-20.0%
100.3%
98.5%
1.8%
2016
2015
% Change
$579,874
$482,790
20.1%
$175
$207
-15.5%
32
29
10.3%
$604,497
$570,950
5.9%
4
5
-20.0%
96.2%
100.0%
-3.8%
2016
2015
% Change
$424,155
-
-
$200
-
-
2
-
-
$424,155
-
-
1
No Sales
-
102.2%
-
-
2016
2015
% Change
$498,950
$448,743
11.2%
$218
$203
7.4%
33
81
-59.3%
$785,000
$565,000
38.9%
12
17
-29.4%
98.9%
98.2%
0.7%
SUNRISE RIDGE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
TRAIL VILLAGE January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
WEST WOODS January through March Average Price Average Price per Square Foot Average Days on Market Highest Price Properties Sold % Sold Price to List Price
MICROMARKET REPORT | WEST METRO QUARTER 1 2016 | COLORADOMICROREPORTS.COM Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
COLORADO LUXURY REAL ESTATE EXPERTS BOULDER
CASTLE PINES
1050 Walnut Street Suite 100 Boulder, CO 80302 303.443.6161
EVERGREEN
DOWNTOWN DENVER
31955 Castle Court Unit #1 South Evergreen, CO 80439 303.674.3200
1512 Larimer Street #46R Denver, CO 80202 303.893.3200
8000 E. Belleview Avenue Suite 200 Greenwood Village, CO 80111 303.893.3200
VAIL
VAIL
292 E. Meadow Drive Suite 101 Vail, CO 81657 970.476.7944
101 S. Main Street Breckenridge, CO 80424 970.453.0550
255 Clayton Street Unit 100 North Denver, CO 80206 303.893.3200
100 Saint Paul Street Suite 200 Denver, CO 80206 303.893.3200
DENVER TECH CENTER
BRECKENRIDGE
CHERRY CREEK (Clayton)
CHERRY CREEK (St. Paul)
858 W. Happy Canyon Road Suite 100 Castle Rock, CO 80108 303.660.8800
BEAVER CREEK
28 Bridge Street Suite 100 Vail, CO 81657 970.476.7944
EDWARDS
26 Avondale Lane #119 Beaver Creek, CO 81620 970.845.0400
34253 Highway 6 #2A Edwards, CO 81632 34 970.748.5150
36
LIV Sotheby’s International Realty Locations
BOULDER COUNTY BOULDER
|
CASTLE PINES VILLAGE
DOWNTOWN DENVER
|
EVERGREEN
BRECKENRIDGE
|
|
|
CHERRY CREEK Boulder
GREENWOOD VILLAGE
25
VAIL VALLEY
DENVER 70
Downtown Denver Cherry Creek
VAIL VALLEY
Denver Tech Center
Evergreen
Edwards Beaver Creek
Vail
24
70
SUMMIT COUNTY 85
Breckenridge
285
25
Castle Pines
MICROMARKET REPORT | WEST METRO QUARTER 1 2016 | COLORADOMICROREPORTS.COM Based on Information from REColorado. This representation is based in whole or in part on data supplied by REColorado. REColorado does not guarantee nor is in any way responsible for its accuracy. Data maintained by REColorado may not reflect all real estate activity in the market.
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